Question: Hi! Please help me answer these questions with complete and step by step solutions. Thank you! Part B. FINANCIAL MANAGEMENT Solve for the following: (5

Hi! Please help me answer these questions with complete and step by step solutions. Thank you!

Hi! Please help me answer these questions with complete and step by

Part B. FINANCIAL MANAGEMENT Solve for the following: (5 points each). 1. A businessman borrowed Php2,500,000 for 5 years at 6% simple interest. What amount must he pay at the end of the term? 2. How long will it take for Php250,000 to amount to half a million pesos if the simple interest rate is 8.25% per annum? 3. Find the compound amount and interest on Php50,000 invested for 10 years at 5.5% interest compounded semi-annually. 4. On the birth of his son Zachary, Brian deposited Php120,000 in a trust fund that pays 3.5% interest compounded monthly. How much money is in the trust fund when Zachary reaches his 18th birthday? 5. Leslie and Mackoy both opened a savings account with a starting balance of Php20,000 on the first day of January. Leslie's bank is paying her a simple interest of 7% annually. Mackoy's bank is paying him an interest of 7% compounded annually. Who has a bigger balance at the end of 5 years

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